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yuradex [85]
3 years ago
10

Polly sells goods to customers in exchange for a $10,000 noninterest-bearing note due in 3 years. The interest rate on this type

of loan is 6%. What is the present value of the note
Business
1 answer:
Irina-Kira [14]3 years ago
7 0

Answer:

present value = $8396.19

Explanation:

given data

cash flow = $10,000

rate r = 6 %

time period t = 3 years

to find out

present value of the note  

 

solution

we get here present value that is expressed  as

present value =   \frac{cash\ flow}{(1+r)^t}     ....................1

put here value and we will get present value

present value = \frac{10000}{(1+0.06)^3}  

solve it we get

present value = $8396.19

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got it off g00gle hoped it helped
4 0
3 years ago
Jiffy Co. expects to pay a dividend of $3.00 per share in one year. The current price of Jiffy common stock is $60 per share. Wh
STALIN [3.7K]

Answer:

the cost of the internal common equity is 14%

Explanation:

The computation of the cost of internal common equity is shown below;

Stock Price = Dividend per share ÷ (required rate of return - growth rate)

$60 = $3 ÷ (required rate of return - 0.09)

60 required return - $5.4 = $3

60 required return = $8.4

So, the required return is

= 8.4 ÷ 60

= 14%

Hence, the cost of the internal common equity is 14%

5 0
3 years ago
There is a difference between Ethics and Law.
mojhsa [17]

Answer:

idk im just here for the points

Explanation:

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3 0
3 years ago
Read 2 more answers
Rosalinda got a payday loan for $2000, due in 2 weeks, and she paid a $150
maxonik [38]

Rosalinda's annual percentage rate (APR) on the loan is <u>195%</u>.

<h3>What is the annual percentage rate?</h3>

The annual percentage rate represents the finance fee and interest paid for borrowing.

The annual percentage rate (APR) for a period of 1 year an be computed by the following simple interest formula:

(Interest + Fee ÷ Principal) ÷ Period

We can multiply the result above by 100 to express it as a percentage.

Assuming that the periodic interest rate is known, we multiply the number of periods in the year to compute the annual percentage rate.

Principal = $2,000

Fee on the loan = $150

Period of loan = 2 weeks

52 weeks = 1 year

Annual percentage rate = 195% ($150/$2,000 x 100 x 52/2)

<u>Check</u>:

APR in dollars = $150 ($2,000 x 195% x 2/52)

Thus, for borrowing $2,000 in two weeks and paying $150 as fee, Rosalinda's loan attracts 195% APR.

Learn more about the annual percentage rate at brainly.com/question/24715857

#SPJ1

5 0
1 year ago
GANTT refers to the Generalized Activity Network Tracking Technique which was developed to better understand how variability in
Bingel [31]

Answer:

False.

Explanation:

GANTT refers to a chart that was developed by Henry L. Gantt, who was an american engineer and a social scientist, and is thus named after him. This chart is used to describe and illustrate various scheduled activities and the duration that each activity might take to complete. There is no full form for this word "GANTT". Therefore, the statement is false.

4 0
4 years ago
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